According to the blurb on the current Redbridge Affordable Housing Strategy 08 - 11 (and I assume the Office for National Statistics):
"Redbridge has the highest level of private sector housing in London with 90% of the total stock of housing. Affordable housing in the Borough represents only 10% of the total."
The borough has to build 400 new affordable houses per year in the next five years to cater for social needs.
The council only owns 4.5 thousand affordable homes and needs to own more, and this number is decreasing. It needs to own more in order to provide for those families who would otherwise be homeless.
Take a look at the policy above for background info.
